Pro Pips

The Expert Advisor adapts to any symbol with any spread. This is not a scalper and not arbitration. The algorithm uses averaging positions. Proven to work on real account (see screenshots). The robot supports simultaneous work with any number of characters. Good for rebate. Use it on M15. For more information and recommendations, see below.

The EA each tick calculates the direction and amount and, on this basis, opening and closing positions. Stop loss is the option "Regenerate after DD,%" - restart the EA after a drawdown (in percentage) on the symbol where the EA is running.

This is not a plug and play EA. After setting it up I think you still need to understand and track high timeframes trends, chart dynamics and critical unexpected events impact. It is not required to track it on an intraday base but in a daily/weekly one. Test it deeply. Run it on demo accounts. Get used to it before running on a real account. Use your common sense. Said this I have to add that for me this is a high quality EA. A must have one. Sergery is a very smart and professional developer. The best one I have dealed with in this market. Thank you master!

I love this EA. You can use it on any pair; there are so many settings it can take a while to decide on good settings for each pair. In my opinion it is important to determine whether a pair should be run on autoreverse or not. I would not run on risk less than 6000. With a good sized account you can run many pairs and while a few may be in drawdown others will be making profits so equity increases. I like running Pro pips with Hot Point which can at times provide something of a hedge. Thank you Sergey

I cant believe I have not submitted a review for this EA! Well here it is short and sweet, many know me here for bashing a lot of stuff because most of it is shit. However, I think for me, Pro Pips is no doubt the best EA!

At the time of writing this review I have been using Pro Pips now for over 6 months on a live account 10K+. Back testing is a must for this to find what risk works for you and to see how the EA will perform but I think overall this EA will be good for long term growth as it has a very adaptive algo and will close out positions at the right time if unprofitable with not too big of a loss. For all the people who complain the EA is not good is simply because they never did the homework or learned about the EA.

I rented the EA on monday last week, went live on a small budget, follow the doctors orders, and went medium, 4 pairs, strategy_1.

Account is up 17%.

Sergey is helpful and polite, answerers all question, in my case many stupid. I will buy and update review at the end of the month, and I will publish myfxbook results.

After 2 + months of trying to get this ea to be consistently in profit, i regret to say I stop using it, no matter what setting you use as soon as there is a big move the EA is not capable to handle it and quickly goes negative.

This EA is these one out there where you earn some profits and burns out your account in a day, specially using Hedge and Martin. Think twice before you put in on live account. It kills my Strategy Tester account so i rate the lowest, it can't even be profitable under my Strategy Test, I think i have just wasted the money to purchased it.

Sergey is extremely nice, responsive, and professional. I asked him what seems like hundreds of questions, and he always response quickly and in detail.

Now, the issue…..much like the people commenting below, is this EA almost blowing my entire account within 30 minutes. Luckily, I was at my PC and witnessed the decline fast enough to stop the EA from draining the entire account. I am still $5,000 in the negative. I’m confident that when the markets return to normal, the EA could make that back…..but still……..I’m losing sleep tonight I’m sure.

So I honestly did believed this was the best EA on the market (still has the potential to be). But boy-oh-boy did we find a major flaw today. My question is, why this EA opens so many of the same position at the same time but different lot sizes? Is that simply just part of the strategy? Why can’t the EA detect extremely volatile price movements and know when to stop entering the market (understand that the trades already live were doomed, but to keep entering in new ones!!!)? Or, at the very least hedge some of these positions. In general, people expect an EA to self-manage itself. Something needs to be built to prevent this going forward. I have the “PA Trade” and “Adaptive Scalper EA” with open trades at the same hours, and both of them handled those spikes a lot better. They both closed out the losing positions and let the open positions run…so it wasn’t just luck.

I don’t know the strategy nor the programming, but it clear that something is needed to protect such a drawdown in rare situation like this other than the regenerate options. Most of the people who purchased this EA are probably not available to lower the risk around news trading time and then raising it afterwards. Price speed fluctuations can be calculated. I believe this is a perfect opportunity to build this feature in, and I promise you this will be by far the best EA I’ve ever purchased.

8/27 update - I forgot to mention on my review, for US residents, the FIFO mode actually worked out pretty well. However, on the black Monday it also completely crashed.

Last weeks Monday was extraordinary and the loss of these accounts was unfortunate. A lot of other EA's wiped out accounts as well.

The strategy of this EA is still very good and providing that this kind of "Black" Mondays are not happening that often or the author will add some kind of protection (i.e. volatility combined with price movement filter) this EA can go far.

Edit 24th Aug 2015:

I really liked the robot but I have to give this review after it totalled four accounts, two of them with a very low risk setting.

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Rented the EA first for one month and had to buy it now. Must be one of the best EA's in the market!

I lost A LOT on Monday, (more than 60k), NOT only from Pro Pips, but also from some other methods including manual. I was surprised, yes. Feel sad, yes. But I can accept the lose. Because losing in trading is a part of the game.

Also, I am not lowering my stars for this product because I think the Author has done nothing wrong with my trading activity. What was wrong was 'the market' (Blame China if you will hehe). It's like... one day I am buying a nice car, and then out of no where my car was hit by a tank and wiped out. I can't yell to a car company that they should've made the car 'tank resistant' lol

Whatever happened, happened. I can't 'blame' the author for my lose, because actually I have control over my whole account and trading activity. Say like... When I first noticed the DD was higher than usual on Friday, I should've 'turned off' the EA for a while, but I didn't. lol, so part of it was my mistake!

I know, it's tiring when you have build so much and then you lose it all and have to start over again from the beginning. But I believe we all learned something from Black Monday: LOWER THE RISK :-)

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I just purchased this EA Today. I set up the EA in VPS. I have to admit I am AMAZED by this EA.

I was very surprised when I was setting up the EA in the server (I was trying to set up for 10 pairs in one account) I was not even done with the 5th pair, and the last 4 pairs already opened and closed and gave me income of 1% profit from the equity in less than 10 minutes!!!

Now that I am done with all 10 pairs, and it already running about 1 hour, and it keeps opening trades. Some lose, many wins. If in less than 1 hour it can give profits, I can't wait to see what will happen in a week!! :-)

I am very excited. I will monitor this EA and I will update you all.

The author has been very very helpful and reply so fast to all my questions.

This EA is one of those that you buy, get a temporary profit and sooner or later it breaks your account, Lucky me to have not put all my capital in the account when it worked. I DO NOT RECOMMEND THIS AND A NOBODY. I think Sergey the author of this EA It could be more sensato with the situation because no one here buying EXPERT ADVISOR to break account. I have three experts running on other accounts and all intact, lost the minimum possible. You have to fix it so it does not happen again.

Such a shame, I had high hopes for this EA. I admit I ran a little too high risk at first so I took a small loss and reduced the risk. Even then the account went into a massive drawdown due to current market conditions. The ea just kept opening buy/sells in the complete opposite direction from the trend. Yes there is a reverse button but by then it is too late. I also know a couple of others who have completely wiped out their entire accounts ($1,000's) on very low risk (5000). Sorry to leave the first bad review, another EA too good to be true.

1. Updated the procedure for closing positions for FIFO, which could fail in some cases.
2. Added option SpreadLimit. If the current spread is above this parameter, the EA will operate in the position closing mode.
3. Changed the default settings. VolumeFilter=False (wasTrue), Strategy=Strategy_1 (was Strategy_2), Loading=Low (was Middle_High).
4. Changes allowing to trade on periods other than M15, but note that on other periods the algorithm will be different. The EA has been developed and is recommended for use on the M15 timeframe.
5. Added Strategy_low for quick testing.

Version 2.9 - 2016.09.13

1) Fixed the function for closing the SELL orders according to the FIFO rule.
2) Added the Commission parameter

Version 2.8 - 2016.04.19

Fixed the situation in which the 'Hedge' was not placed if the 'Close Open New If DD More' filter was triggered

Version 2.7 - 2016.03.11

Changed the calculation procedure of the parameters CloseAndStopIfEquityLess and StopOpenNewIfDDMore. Previously, these parameters depended on the total balance value (or fixed balance, if FixBalance&gt;0), now only on the profit (loss) of the current pair with the MagicNumber.

Version 2.6 - 2016.02.02

Added parameter:
Stop Open New If DD More - Stop opening new positions if the current drawdown has exceeded this parameter.

Version 2.5 - 2015.12.23

Added options:

- Open And Close Positions Equal To DeltaLot=False – open and close orders with a volume equal to DeltaLot;
- Partition close=True – partial closing of positions; If you want an order to completely close, set to False;
- Limit Orders of Symbol (0 - No Limits)=0 – limit opening positions for this symbol;
- Limit Total Orders (0 - No Limits)=0 – limit opening positions for all symbols with the current Magic Number.

Fixed a rounding off to the minimum lot size to prevent frequent openings and closures of small positions.

Added the daily renewal of the medium volatility values for ”Volume Filter” (works if Volume Limit=0, Adaptive=True). Previosuly, this value was updated only during the regeneration process. If the value of the Volume Limit=0, Adaptive=False, the value of volatility is 800 and Volume Limit=800*kVolume;

When the maximum level of open positions on the account is reached, only a notification is activated.

Version 2.4 - 2015.11.19

Fixed a bug, which could incorrectly open and close a position.

Version 2.3 - 2015.11.16

1. Added the Fixed Balance - Virtual balance. If less than or equal to 0, it will use the account Balance (the default value). If &gt; 0, then all calculations are performed for the balance set in this parameter.
2. Added saving the Fixed Balance parameter.

Version 2.2 - 2015.10.16

Added button StopOpenNew - when pressed, no new positions are opened, the calculation process continues.

Version 2.1 - 2015.09.18

Upgraded engine. This version is recommended for upgrading. The default values in comparison with the version 1.10 enabled the following filters and options: Volume Filter, Antitrend Filter, and Reduce Positions. Other options and additions disabled, and can be used for manual customization.
1. Returned control procedure MaxLots, as in version 1.10.
2. Fixed loading settings MaxLots and DeltaLots from version 1.10.
3. Fixed display line of the trading channel.
4. Fixed alert on exceeding the Volume Limit.
5. Added option HourAutoDeleteHedge - hour, the next day after which a hedge order (set because of an excess volatility) is removed.
6. Added option kVolume, the multiplication factor Volume Limit, works if Volume Limit=0.
7. Added Time Filter. Orders are hedged at the end of the trade. In the beginning of a trade, the hedge order is deleted, while open orders remain.
7.a. HourStart - trading start time, in hours of the terminal time.
7.b. HourEnd - trading end time, in hours of the terminal time.
8. When FIFO = True, hedging is replaced by remembering and closing all positions (for Volume Filter, Time Filter).
9. Added option HourOfDeletingHedge - hour, the next day after which a hedge order is removed. Default = 1.

Version 2.0 - 2015.09.14

- Added a volatility filter Volume Filter; If the level of volatility is exceeded, positions for the pair are hedged using a locking order, which is automatically removed the next day, or manually. Parameters:
a. Volume Filter — enable/disable filter;
b. Volume Limit — level volatility in points (0-auto); Recommended 80-200.
- Added lines showing the levels.
- Added filter Antitrend; Parameters:
a. Antitrend Filter – enable /disable filter;
b. ----- From, relative lots – the filter works, if Relative Lots is larger than this value. Recommended 0.001-1
- Added option AutoReverse; Parameters:
a. Auto Reverse – enable/disable option;
b. ----- From, relative lots - the filter works, if Relative Lots is larger than this value. Recommended 0.001-1
c. ----- To, relative, lots - the filter works, if Relative Lots is below this value. Recommended 0.001-1
- Added option Reduсe Positions - Reduces the number of positions during strong movements. true/false — disable enable.
- Added AutoSave MaxLots and Frequency;
- Changed the MaxLots control procedure, internal calculations of the lot (Relative Lots) will not exceed MaxLots.
- Added button Set Hedge. Opens a locking position. It opens an opposite order for the pair, the trade is terminated until the locking position is removed.
- Added button Delete Hedge. Removes the previously opened locking position. When pressed, removes the locking order, internal calculations are moved to a distance from the open price to the Close price of the locking order. Trading is resumed.
- Changed Pause button assignment. Now when the button is pressed, the trade is terminated, but the activity of all the buttons is maintained.
- Added option to Forced Regeneration. Not waiting for orders to be closed. Works when the Auto Regeneration is enabled.
- Added parameter to Close&Stop after DD,% - close positions and stop trading for the pair after the drawdown.
- Added parameter to Close&Stop If Equity Less – close positions and stop trading for the pair if Equity is less than the value of the parameter.
- Changed the default parameter Loading to middle-high.

Version 1.10 - 2015.08.28

1. Added the "Trade not allowed" message when Auto-trading is disabled.
2. Fixed an error in the Regenerate After DD% function. Fixed erroneous cyclic restart of the EA.
3. Increased operation speed by 5-10% due to the code optimization.

Version 1.9 - 2015.08.20

1) Added new value to the Loading parameter which is "middle-high". Requires CPU which is 10-20% bigger than middle and more stable than middle. It is recommended instead of middle and high.
2) Added the "Close&Stop" button – if pressed, the EA will stop trading after a series of orders is closed. When the event comes, it will give an alert.
3) Fixed the code to prevent "hanging up" of the EA.

Version 1.8 - 2015.08.10

1. Fixed a bug that could occur when reaching the maximum number of open orders.
2. Added some security checks.

Version 1.7 - 2015.07.21

Before updating, press the Save button.

What's new:
1. Upgraded the autosave function.

Version 1.6 - 2015.07.09

Improved FIFO system for USA.

Version 1.5 - 2015.07.07

ATTENTION!!! The update will restart the EA. Orders can be closed. Update only when you have a small number of orders (Equity is approximately equal to the Balance).

1. Added AutoSave of the EA every 15 minutes (the AutoSave parameter), as well as manually saving (the Save button). After saving, you can reset the terminal and the Advisor. AutoSave will save your position against accidental closure of the terminal. AutoSave in the "high" mode with multiple currencies may cause some delays in the work of the expert (if this happens, turn off AutoSave).
2. Added the Pause button. When it is clicked, the EA stops opening lots. Good to use before news release. The caption on the button is illuminated red when pause is clicked.
3. Added the FIFO for USA parameter. Closing orders by FIFO rule for the USA.
4. Added the ability to change the comment to orders.
5. Increased download speed.
6. Added the Reverse button. It reverses all positions of the current symbol.